Freshfields Steers Gov't Plan To Cut 55% NatWest Stake

Law360, London (July 22, 2021, 6:24 PM BST) -- The U.K. government set out plans on Thursday to reduce its 54.7% shareholding in NatWest Group PLC over the next year, in a step to return the bank to private ownership after it was bailed out during the 2008 financial crisis.

HM Treasury said UK Government Investments, which manages taxpayers' holdings in the former Royal Bank of Scotland Group PLC, will sell some of the government's existing shares in NatWest in the next 12 months through a trading plan that begins on Aug. 12.

The government currently holds 54.7% in NatWest after selling 580 million shares at 190 pence each to...

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